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The RBI on Monday said it has decided to retain the advisory committee of Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL) to advise the administrator in the operations of the two Srei group companies during the corporate insolvency resolution process. ....
Reserve Bank of India has retained the Advisory Committee of Srei Infrastructure Finance Limited and Srei Equipment Finance Limited, informed an official statem ....
After superseding the boards of SIFL and SEFL last Monday, the Reserve Bank had appointed a three-member advisory committee to assist Rajneesh Sharma, administrator of the two crisis-ridden firms. ....
This comes a day after the Bombay high court rejected a writ petition against RBI’s move to supersede the boards of the two non bank finance companies ....